WELPM
Wisconsin Electric Power Company105.91
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
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0%Recent Filings
10-K
FY2025 results
Wisconsin Electric Power delivered solid FY2025 results with net income attributed to common shareholders up 22% to $626.8 million from $513.2 million in 2024, fueled by a PSCW-approved rate hike effective January 1, 2025 that boosted utility margins $315 million year-over-year while colder weather drove retail electric sales 2.1% higher and natural gas deliveries up 18%. Q4 momentum shone through higher sales volumes amid 28% colder heating degree days, yet earnings sharing kicked in at $23.8 million as ROE topped the 9.8% authorized cap. Capex surged to $2.74 billion, ramping renewables like Paris Solar/Battery online. Cash from operations funded growth; equity infusions from parent hit $1.25 billion. Supply chain snarls threaten solar builds.
8-K
Prices $300M debentures
10-Q
Q3 FY2025 results
Wisconsin Electric Power topped Q3 with operating revenues up 11.4% y/y to $1,201.9M and operating income rising 5.6% y/y to $339.4M, fueled by a new PSCW rate order effective January 2025 and higher retail sales from warmer cooling weather. YTD through September 30, 2025, revenues surged 12.3% y/y to $3,391.8M while net income attributed to common shareholder climbed to $511.7M from $388.7M, backed by colder heating degree days (29.9% above 2024). Cash from operations held steady at $994.6M YTD despite $1,891.1M capex; parent equity infusions totaled $1,085.0M. Debt stands at $4,231.3M with $762.0M revolver capacity. Solid execution, yet EPA air rules loom.
8-K
Issues $500M debentures
Wisconsin Electric Power Company issued $500,000,000 of 4.15% Debentures due October 15, 2030, via an Underwriting Agreement signed September 18, 2025, with lead underwriters including BMO Capital Markets and Goldman Sachs. The registered offering bolsters the utility's long-term debt profile. No use of proceeds disclosed.
10-Q
Q2 FY2025 results
Wisconsin Electric Power topped Q2 FY2025 with operating revenues up 12.1% y/y to $1,010.8M and operating income climbing 16.6% y/y to $248.8M, fueled by a new PSCW rate order effective January 2025 and colder spring weather boosting retail sales. Net income to common shareholder jumped to $118.5M from $85.3M y/y, while YTD figures show $314.6M versus $219.3M. Operating cash flow hit $567.7M YTD, funding $869.1M capex—up sharply y/y—on renewables and reliability upgrades; parent equity infusions of $710M balanced the structure amid steady $3.9B long-term debt. Free cash flow not disclosed in the 10-Q. Solid execution persists.
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